Pinebridge Investments L.P. Increases Stake in MSA Safety Incorporated (NYSE:MSA)

Pinebridge Investments L.P. increased its holdings in MSA Safety Incorporated (NYSE:MSA) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,689 shares of the industrial products company’s stock after purchasing an additional 3,466 shares during the quarter. Pinebridge Investments L.P. owned 0.10% of MSA Safety worth $6,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of MSA Safety during the fourth quarter valued at about $1,131,000. Redmond Asset Management LLC purchased a new position in MSA Safety in the 4th quarter worth approximately $362,000. Anchor Capital Advisors LLC increased its stake in MSA Safety by 18.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company’s stock worth $1,774,000 after purchasing an additional 1,694 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MSA Safety by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company’s stock valued at $70,345,000 after purchasing an additional 6,119 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company’s stock valued at $20,468,000 after purchasing an additional 26,470 shares during the period. 92.51% of the stock is owned by institutional investors.

Insider Transactions at MSA Safety

In related news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,673 shares of the company’s stock, valued at $584,007. This represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

MSA Safety Price Performance

Shares of MSA stock opened at $153.32 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. MSA Safety Incorporated has a fifty-two week low of $127.86 and a fifty-two week high of $200.61. The firm has a market cap of $6.02 billion, a P/E ratio of 21.26 and a beta of 0.97. The business’s 50 day moving average price is $150.19 and its 200-day moving average price is $162.20.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. On average, equities research analysts anticipate that MSA Safety Incorporated will post 8.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their price target on shares of MSA Safety from $175.00 to $161.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $194.20.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.